Higher education matters.

Changes the eligibility requirements for the next generation Hoosier educators scholarship and provides that a student may qualify for the scholarship by achieving a cumulative grade point average upon graduation of at least a 3.5 on a 4.0 grading scale during grades 9, 10, 11, and 12. Requires the commission for higher education to give priority to an individual who is: (1) a recent high school graduate; (2) pursuing a teacher shortage area; (3) showing significant financial need; or (4) a member of a household with an annual income of not more than the amount required for the individual to qualify for the free or reduced price lunch program as determined for the immediately preceding taxable year. Provides that the National Guard tuition supplement program may be used by a scholarship applicant for graduate credits.